EURAUD continued - Gartley into Cypher

Continuing my post on this pair (see below), we completed a gartley pattern and are now retracing down from it, allbeit a bit choppy. If price extends a bit more to the downside we might se a completion of the blue cypher pattern.

At completion the probability is high that we see a small reversal into the 0.382 and eventually the 0.618 retracement, giving us another opportunity to grab some pips.

The overall trend on this pair is still bearish as you can see here :